The Boards of mortgage major Housing Development Finance Corporation (HDFC Ltd) and the country’s largest private sector lender HDFC Bank Friday approved July 1 as the effective date of their merger.
The merger of the HDFC twins was announced in April last year. “The Boards of both the companies at their respective meetings held today noted that the merger would be effective from July 1, 2023,” HDFC Bank said in a statement.
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